(QHA) - Ukraine has launched the second hydroelectric generator at the Dniester Pumped Storage Power Station aiming to become one of the most powerful hydro accumulation power plant in Europe and sixth largest in the world, reports WNU. The project offers a mobile grid regulation capacity that will enhance the energy security of Ukraine. When fully operational and with all seven hydroelectric generators installed the Ukrainian hydropower facility will boast an installed capacity of 2,268 MW. Comparatively, the largest currently operational European pumped-storage hydroelectric power station – the Grand’Maison Dam in France – generates about 1,800 MW. The improvement at the station goes along the line of the government’s objective to reduce the cost of electricity for the consumers. “Cheaper electricity will become the basis for further modernization and economic development throughout Ukraine,” said President of Ukraine Viktor Yanukovych during the launch ceremony at the hydropower station.